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=DJ DATA SNAP:German ZEW Dec Econ Expectations Rise To -19.0 =========================================================== ZEW Indicator ! ! Dec Nov ! ! Econ Sentiment -19.0 -28.5 ! Consensus: -25.0 ! ! Actual: -19.0 ! =========================================================== MANNHEIM, Germany (Dow Jones)--German business expectations improved sharply in December on a broadening economic recovery, a survey by the Center for European Economic Research, or ZEW, showed Tuesday. The Mannheim-based think-tank's expectations index rose to a reading of -19.0 in December, after declining for the 10th time in a row to -28.5 in November, which was the lowest level since March 1993. December's reading marked the highest level since August this year. However, the expectations index still signals a slowdown in German business activity and is below its historical average of 33.7. Figures are above expectations. A Dow Jones Newswires poll of economists predicted a slight rise to -25.0 in December. A reading above zero signals that more analysts are optimistic than pessimistic on the economic outlook. "The gain of the expectations index is due to a broadening recovery which forms a stable base for 2007," the think tank said, adding that the recovery in the labor market improved consumer confidence. Currently, exports development is "dynamic" due to the competitiveness of the German economy, it added. "Orders remain stable and companies are increasingly investing in the expansion of their production capacity," the ZEW said. The think tank also voiced optimism for the coming months, saying that the expectations index has bottomed out and is getting some tailwind now. Meanwhile, ZEW President Wolfgang Franz called for more reform efforts in Germany and urged the government to "use the opportunity" of robust economic activity. Analysts polled by ZEW also were markedly more optimistic about the current general economic situation in Germany, with the December current conditions indicator up at 63.5 points from 53.0 points in April. The ZEW indicator, which tends to be volatile, shows the difference between the positive and negative forecasts for economic development during the next six months in Germany. It is based this month on the views of 303 analysts and institutional investors. |
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| aus der Diskussion: | Nie mehr wieder 6000 Punkte im Dax? |
| Autor (Datum des Eintrages): | nachtschatten (12.12.06 11:33:08) |
| Beitrag: | 115 von 157 (ID:26120989) |
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